DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


Learn

Paying Off Student Loans? You Can Do It With Crypto

Thanks to innovative DeFi platforms, there are now more options available for student borrowers who wish to repay their loans using crypto.

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Finance

XRP Gets Wrapped by Tokensoft for Ethereum DeFi Debut

Tokensoft’s Wrapped is now taking a multi-custodial approach, having partnered with Hex Trust on wXRP.

Wrapped assets can live away from their native blockchains. (Kari Shea/Unsplash)

Markets

Curve Finance’s CRV Quietly Becomes a Top-Performing DeFi Token Despite Meme-Token Craze

CRV was up 1.87% in the past 24 hours and nearly 65% over the past week.

The rapid growth of a yield farming optimization protocol focusing on Curve Finance has helped CRV token become a top performing token this week. Credit: Noah Buscher/Unsplash

Videos

FATF Crypto Guidance Looks to Bring Industry in Line With Banks

The Financial Action Task Force (FATF), a global anti-money laundering (AML) agency, has released its updated guidance for firms that handle crypto and virtual assets. “The Hash” team discusses the key takeaways and implications for the future of DeFi regulation.

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Tech

RLY Venture Studio Launches With Fresh Backing From Paris Hilton and Marc Andreessen

SuperLayer’s debut comes as Rally community members debate the ecosystem’s decentralization plan.

BEVERLY HILLS, CALIFORNIA - SEPTEMBER 24: Paris Hilton attends The Wallis Delivers: Al Fresco Night presented by The Wallis Annenberg Center for the Performing Arts  at Wallis Annenberg Center for the Performing Arts on September 24, 2021 in Beverly Hills, California. (Photo by Amy Sussman/Getty Images)

Markets

Market Wrap: Bitcoin Dips Below $60K as ETF Enthusiasm Fades

“We may see significant price erosion,” said one trader.

Bitcoin support and resistance levels (CoinDesk, TradingView)

Markets

SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows

A new force is behind shiba inu’s most recent price surge.

Shiba inu rests atop the summit. (Michael Yantis/Unsplash)

Tech

Cream Finance Exploited in Flash Loan Attack Netting Over $100M

An attacker has gained over $130 million of assets in an exploit that appears to have drained Cream’s coffers.

Credit: Shutterstock

Videos

CREAM Finance Exploited in Flash Loan Attack Worth Over $100M

DeFi money market and lending service C.R.E.A.M. Finance appears to have been the target of a devastating exploit Wednesday morning that drained over $1 billion in funds. “The Hash” panel discusses the possible risks of open finance in what is likely the largest DeFi attack to date.

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Tech

DOT Holders Are Voting on Polkadot’s New Look

The interoperability protocol began a brand overhaul in January. Now the community can vote on the final outcome.

One of the options DOT holders can vote on. (Polkadot)